In 2013, CDC provided a $25 million loan to Grameenphone. The loan was made as part of a lending group with the International Finance Corporation, other DFIs and Standard Chartered Bank. The total loan facility is $345 million.
The funding will help modernise the Grameenphone network and increase its coverage in rural areas, acting as a driver for wider economic growth.
Mobile phones are predicted to be the main method for accessing the internet in Bangladesh, given the high cost of PCs and fixed-line internet connections; tariffs rank among the lowest in the world.
Updating the Grameenphone network will improve access to telecoms services for both voice and data. This will help businesses of all sizes offer more goods and services to more people, more efficiently, developing the private sector at all levels.
Environmental and social aspects
CDC supported the development of good international environmental and social practices within the company.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Communications and IT Services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Debt
- Start date
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- October 2013
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.